Bookbuilding IPO | ₹105 Cr | Listed at NSE SME | Fri, Jun 9, 2023 - Wed, Jun 14, 2023
Spectrum Talent Management IPO is a book build issue of ₹105.14 crores. The issue is a combination of fresh issue of 0.52 crore shares aggregating to ₹89.71 crores and offer for sale of 0.09 crore shares aggregating to ₹15.43 crores.
Spectrum Talent Management IPO bidding started from Jun 9, 2023 and ended on Jun 14, 2023. The allotment for Spectrum Talent Management IPO was finalized on Jun 19, 2023. The shares got listed on NSE SME on Jun 22, 2023.
Spectrum Talent Management IPO price band is set at ₹173 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,38,400 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,76,800.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Spectrum Talent Management IPO RHP for detailed Information.
IPO Open
Fri, Jun 9, 2023
IPO Close
Wed, Jun 14, 2023
Issue Price
₹173 per share
Market Cap (Pre-IPO)
₹89.71 Cr
| IPO Date | 9 to 14 Jun, 2023 |
| Listed on | Thu, Jun 22, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹169 to ₹173 |
| Issue Price | ₹173 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,77,600 shares (agg. up to ₹105 Cr) |
| Reserved for Market Maker | 3,04,000 shares Rikhav Securities Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 48,81,600 shares (agg. up to ₹84 Cr) |
| Offer for Sale | 8,92,000 shares of ₹10 (agg. up to ₹15 Cr) |
| Net Offered to Public | 57,73,600 shares (agg. up to ₹100 Cr) |
| Share Holding Pre Issue | 1,79,07,496 shares |
| Share Holding Post Issue | 51,85,699 shares |
| NSE Symbol | SPECTSTM |
| ISIN | INE0OL001018 |
Spectrum Talent Management IPO comprises a total issue size of 60,77,600 shares. The net offer to the public is 57,73,600 shares, after excluding 3,04,000 shares allotted on a firm basis. Of the Net offer 5,76,000 (9.98%) are allocated to QIB, 25,98,400 (45.00%) allocated to NII 25,99,200 (45.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,76,000 | 9.98% | 9.48% |
| NII (HNI) Shares Offered | 25,98,400 | 45.00% | 42.75% |
| Retail Shares Offered | 25,99,200 | 45.02% | 42.77% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,04,000 | 5.00% | |
| Total Shares Offered | 60,77,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,38,400 |
| Retail (Max) | 1 | 800 | ₹1,38,400 |
| HNI (Min) | 2 | 1,600 | ₹2,76,800 |
Incorporated in 2012, Spectrum Talent Management Limited is engaged in human resource and staffing services. They are Headquartered in Delhi.
As of 2023, the company has served more than 275 clients in domestic as well as offshore markets. The Human Resource database is the key asset for the industry, as on December 31, 2022, the entity has 15,606 personnel deployed at various locations for its clients.
The company is promoted by Mr. Vidur Gupta and Mr. Sidharth Agrwal. They hold a combined experience of 28 years in the staffing industry.
Spectrum Talent Management offers a wide array of services such as Payroll, Recruitment, Onboarding, and flexible staffing. Their comprehensive network, structured processes, professionalism, and strong work ethics is the key to staying on top intact on the global scale. The company strives at satisfying companies' staffing, and recruitment needs globally applying their specialized rich knowledge.
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 86.58 | 64.79 | 46.30 | 40.81 |
| Total Income | 584.16 | 483.72 | 302.96 | 323.62 |
| Profit After Tax | 19.97 | 15.53 | 4.76 | 6.76 |
| NET Worth | 48.45 | 28.27 | 19.76 | 15.00 |
| Reserves and Surplus | 30.54 | 19.72 | 10.26 | 10.25 |
| Total Borrowing | 2.55 | 10.27 | 0.61 | 4.22 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement; | 74.00 |
| 2 | Acquisitions of Businesses in similar or complementary areas | 1.50 |
| 3 | General Corporate Purposes | 5.05 |
| KPI | |
|---|---|
| RoNW | 42.99% |
| PAT Margin | 3.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.25 | |
| P/E (x) | 15 | |
| Promoter Holding | 100.00% | 72.25% |
| Market Cap | ₹89.71 Cr. |
The Spectrum Talent Management IPO is subscribed 12.27 times on June 14, 2023 7:29:00 PM (Day 4). The public issue subscribed 13.1 times in the retail category, 11.21 times in the QIB category, and 11.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 11.21 | 5,76,000 | 64,55,200 |
| NII* | 11.68 | 25,98,400 | 3,03,47,200 |
| Retail | 13.1 | 25,99,200 | 3,40,61,600 |
| Total | 12.27 | 57,73,600 | 7,08,64,000 |
Total Application : 42,577
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 5.72 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 3.26 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.10 |
| 5 | Fees payable to Peer Review Auditor | 0.01 |
| 6 | Fees Payable to Market Maker (for Two Years) | 0.05 |
| 7 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹173.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹155.00 |
| Last Trade | ₹147.25 |
Lead Manager Reports
Spectrum Talent Management IPO is a SME IPO of 60,77,600 equity shares of the face value of ₹10 aggregating up to ₹105 Crores. The issue is priced at ₹173 per share. The minimum order quantity is 800.
The IPO opens on Fri, Jun 9, 2023, and closes on Wed, Jun 14, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Spectrum Talent Management IPO using UPI as a payment gateway. Zerodha customers can apply in Spectrum Talent Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spectrum Talent Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spectrum Talent Management IPO opens on Fri, Jun 9, 2023 and closes on Wed, Jun 14, 2023.
Spectrum Talent Management IPO lot size is 800, and the minimum amount required for application is ₹1,38,400.
You can apply in Spectrum Talent Management IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Spectrum Talent Management IPO will be done on Monday, June 19, 2023, and the allotted shares will be credited to your demat account by Wed, Jun 21, 2023. Check the Spectrum Talent Management IPO allotment status.
The Spectrum Talent Management IPO listing date is on Thu, Jun 22, 2023.
